Kentucky Reports Strong Sports Betting Handle, Revenue Declines

Sports betting in the United States continues to grow rapidly, with states like Kentucky, Ohio, and Michigan seeing substantial increases in both wagering and tax revenue. Kentucky experienced its third-highest handle ever in March 2025, driven by enthusiasm for college basketball and major events, though operator profits dipped due to a low win rate. Ohio's sports betting market has surged since legalization in 2023, with digital platforms dominating the landscape and generating record-breaking monthly handles, alongside significant tax revenue benefiting education and problem gambling programs. Michigan ranks second nationally in online sports betting revenue, with the majority of proceeds allocated to education, and Detroit ranking eighth among U.S. cities. Policymakers in Michigan view online betting as a valuable revenue stream that supplements state budgets without raising taxes, despite some economic uncertainties. Overall, the convenience of mobile and online platforms, strong regulatory oversight, and targeted promotions are fueling the ongoing success and expansion of sports betting across these states.